Unnes Political Science Journal
Vol. 8 No. 1 (2024)

The BRICS+ Expansion, Global Trade Dynamics, and the Dedollarization Phenomenon

Lee, Brice Tseen Fu (Unknown)
Sims, Juan Pablo (Unknown)



Article Info

Publish Date
12 Jun 2024

Abstract

This paper delves into the transformative role of the expanded BRICS bloc, referred to as BRICS+, in the evolving global economic landscape and its implications for dedollarization. The inclusion of nations such as Ethiopia, Saudi Arabia, Iran, Egypt, and the UAE diversifies the bloc's economic and geopolitical reach, extending its influence into new regions like Africa and the Middle East. The study underscores the potential of BRICS+ as a catalyst in the dedollarization narrative, driven by the desire for economic autonomy, geopolitical strategies, and hedging against U.S. dollar volatility. The analysis further explores the intricate relationship between the BRICS+ expansion, global trade dynamics, and dedollarization. The paper concludes by emphasizing the potential of the BRICS+ bloc to reshape global trade dynamics, influence trade policies, establish new trade routes, and foster regional connectivity, all while advancing the agenda of a more diversified and multipolar economic world order.

Copyrights © 2024






Journal Info

Abbrev

upsj

Publisher

Subject

Social Sciences

Description

Unnes Political Science Journal is a journal present the studies of research, either field research, literature research, or analysis reflection article of political issues in Indonesia. Unnes Political Science Journal will be published that related to politics and governance, election, and local ...